Common use of No Actions Against Obligors Clause in Contracts

No Actions Against Obligors. Except in accordance with the Credit Policy and Procedures Manual and the Pooling and Servicing Agreement, commence or settle any legal action to enforce collection of any Receivable.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Dell Computer Corp), Receivables Purchase Agreement (Dell Computer Corp)

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No Actions Against Obligors. Except in accordance with the Credit Policy and Procedures Manual and the Pooling and Servicing Agreement, commence or settle any legal action to enforce collection of any Receivable.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Zenith Electronics Corp), Receivables Purchase Agreement (Zenith Electronics Corp)

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No Actions Against Obligors. Except in accordance with the Credit --------------------------- Policy and Procedures Manual and the Pooling Purchase and Servicing Agreement, commence or settle any legal action to enforce collection of any Receivable.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ak Steel Holding Corp)

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